The Global Identity Verification and Authentication Market is forecasted to grow at a CAGR of 16.9%, with factors such as the growing adoption of identity verification and authentication solutions across various industries. The increasing adoption of NFC technologies can act as a major factor for the growth of the market.
The global identity verification and authentication market has shown an exceptional penetration in countries due to heightened dependency on cloud; identity and access management (IAM) solutions, growing adoption of NFC enable devices, and surge in fraudulent activities. In developing countries, the heightened adoption of razor-sharp biometric identity verification and biometric authentication solutions creates opportunities for the market.
Identity Verification and Authentication Market Scenario
According to Data Bridge Market Research, the global identity verification and authentication market in North America has the highest market share, followed by Europe and Asia-Pacific. The market leader is LexisNexis Risk Solutions Group accounts for an estimated market share of approximately 9.44% in the global market. The company has gained outstanding sales by providing identity verification and authentication products and entering partnerships, strengthening its product portfolio.
For instance,
- In June 2021, LexisNexis Risk Solutions Group launched Financial Crime Compliance Solution. The key feature of this solution was its digital identity intelligence capabilities. This solution will help the companies to fight against fraud. This solution strengthens the companies identity verification capabilities
Trends Impacting the Market
Now the question is which other regions LexisNexis Risk Solutions Group, Thales Group, Equifax, Inc. are targeting? Data Bridge Market Research has forecasted a large growth identity verification and authentication market. The market leaders are targeting the U.S., China, and Japan to be their next pocket revenue for 2021.
The global identity verification and authentication market is becoming more competitive every year with companies regions LexisNexis Risk Solutions Group, Thales Group, Equifax, Inc, as they are the market leaders. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the identity verification and authentication market.
For more analysis on the identity verification and authentication market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-identity-verification-and-authentication-market
Global Identity Verification and Authentication Market Developments in 2021
- In October 2021, Thales Group launched a voice biometric authentication solution. The key feature of this solution was improved fraud identity capabilities and knowledge-based authentication capabilities. This solution was designed for mobile id verifications for call centre operators. This solution helped the company to expand its market and improve its solution portfolio
- In March 2021, LexisNexis Risk Solutions Group completed the acquisition of Emailage. The key feature of this acquisition was to strengthen identity verification capabilities. By this acquisition, the company was able to improve its market position
Scope of the Identity Verification and Authentication Market
All country-based global identity verification and authentication market analysis is further analysed based on maximum granularity into further segmentation. On the basis of component, the global identity verification and authentication market is segmented into solution and services. On the basis of type, the global identity verification and authentication market has been segmented into non-biometrics and biometrics. On the basis of deployment mode, the global identity verification and authentication market has been segmented into on premise and cloud. On the basis of organization size, the global identity verification and authentication market has been segmented into large enterprises and SME’s. On the basis of vertical, the global identity verification and authentication market has been segmented into BFSI, government and defense, energy and utilities, retail and e-commerce, IT and telecom, healthcare, gaming, and others.
To know more about the study https://www.databridgemarketresearch.com/reports/global-identity-verification-and-authentication-market
Key Pointers Covered in the Global Identity Verification and Authentication Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- LexisNexis Risk Solutions Group
- Thales Group
- Equifax, Inc.
- IDEMIA
- Experian Information Solutions, Inc.
- TransUnion LLC
- AccuraTechnolabs
- Acuant, Inc.
- Authenteq
- Finansiell ID-Teknik BID AB
- GB Group plc
- IDkollen i Sverige AB
- Jumio
- Mitek Systems, Inc.
- Okta
- Onfido
- PENNEO A/S
- Ping Identity
- Precise Biometrics AB
- ZignSec AB
Above are the key players covered in the report. To know about more and exhaustive list identity verification and authentication market, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-identity-verification-and-authentication-market
Research Methodology: Global Identity Verification and Authentication Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Managers, Directors, Advertising market associates, Machine Tools Manufacturers, Machine language developers, AML developers, KYC authorities.
- Supply Side: Service Providers, AML Companies, Marketing Managers, Logistics Managers, and C-Level Executives, among others.
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